SNAP Snapped – Stock Plunges 18%

SNAP just reported horrible numbers vs. Wall Street forecasts. Net income was actually a Net loss of $2.31 vs. a loss of 19 cents forecast. Revenues were light by $8 million, coming in at $149.6mm vs. $157.9 million expected. Active subscribers were also lower than expected. The Ponzi stock is down 18% as I post this:

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4 thoughts on “SNAP Snapped – Stock Plunges 18%”

The same media will very soon start saying how great SNAP is and it will trade 50%+ higher before next quarter earnings.It is all about the narrative peddled by the media and blindly followed​ by the public.